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The division of virtual assets such as cryptocurrencies has become the main source of disputes in divorce cases

February 20, 2022
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The division of virtual assets such as cryptocurrencies has become the main source of disputes in divorce cases

On February 21, due to the difficulty of tracking and valuing cryptocurrencies, the division of virtual assets such as cryptocurrencies has become the main source of disputes in divorce cases. Divorce lawyers revealed that in many divorce cases, one spouse will underreport property or transfer property to crypto wallets.

Divorce lawyers have had to rely on court investigators to track the movement of cryptocurrencies such as bitcoin and ethereum from online exchanges to digital wallets.

Court investigator and analyst Paul Sibenik said the investigative firm CipherBlade has handled about 100 crypto-related divorces over the past few years. In multiple cases, he traced more than $10 million worth of cryptocurrency that husbands hid from their wives.

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